Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BHDUSD
The long term trend has been UP since Jul 22nd, 2018 at 2.66050
The intermediate term trend has been UP since Nov 17th, 2018 at 2.66765
The short term trend has been UP since Nov 17th, 2018 at 2.65355
Smart Scan Analysis for BHDUSD
Based on a pre-defined weighted trend formula for chart analysis, BHDUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).